Enterprise in capital markets presents a number of risks and challenges including lack of access to finance sustaining businesses and insurance to protect against losses. This is because low-income business owners do not have the funds to participate in the formal capital markets or insurance classified as high risk being penalized with higher interest rates. Starting in the late 1950s, microfinance as a service became a viable alternative to business owners protecting themselves while operating their businesses. Microinsurance has also become an invaluable tool to help the poor who disproportionally face greater risks from perils like health and environmental issues because of climate risks as they operate their businesses.
This capstone project is a development application educating business owners about inclusive options like microinsurance.
The project was inspired by published research conducted with entrepreneurs in developing countries while enrolled undergraduate in Economics
and conversations about microinsurance because it's a type of investment an opportunity. It's adaptation capital intensive banking institutions trade with entrepreneurs in developing countries industrializing with businesses commodities repackaged also edifices aren't large centers instead bodegas having a customer base.